Obama agenda: Back to New York

The New York Daily News: “President Obama is making his second visit to the city in as many weeks - and is calling upon an unlikely ally to shore up the support of his political base. Obama will be speaking Wednesday for the first time as commander in chief at the annual convention of the National Action Network and standing with its founder, the Rev. Al Sharpton - whom the President largely ignored before his 2008 election.”

“Treasury Secretary Timothy Geithner told lawmakers Tuesday that the administration is crafting a corporate tax reform plan that would eliminate some tax preferences in exchange for a lower corporate tax rate,” The Hill reports. “Geithner had previously said that he wants the administration and Congress to work together on overhauling the corporate tax code, but this appeared to be the first time he has mentioned an administration reform proposal.”

Rahm Emanuel won't take over as mayor for another month, but he's already wielding his influence, NBC’s John Yang reports. He had a pretty good day in Tuesday's Chicago City Council run-off elections: His candidates won in seven of the nine races he publicly got involved in. His big win was the defeat of 83-year-old Bernard Stone, the second-longest serving member of the council, by challenger Debra Silverstein, an accountant who's married to an influential state senator. Emanuel spent the last weekend of the campaign going door-to-door with Silverstein.